Patriot National (PNBK) Bancorp announced the departure of CEO David Lowery and the execution of a long-term employment agreement with President Steven Sugarman. Sugarman previously served as the Founder, Chairman, President and CEO of Banc of California, Founder and Chairman of COR Clearing, and continues to serve as Founder and CEO of The Change Company CDFI. Lowery will remain in his current role through April 15 or as otherwise determined by Lowery and Patriot National Bancorp, to ensure a seamless transition.
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